Southwest Airlines Company Cash Flow Quality Index
Southwest Airlines Company cash flow quality index. Southwest Airlines Company (LUV) has a Cash Flow Quality Index of 6.25x as of March 2026. Operating cash flow of $1.42 Billion exceeds net income of $227.00 Million, indicating high earnings quality where cash backs reported profits. Explore Southwest Airlines Company (LUV) debt coverage ratio to assess how comfortably operating cash covers total debt obligations.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
Cash Flow Quality Index of Southwest Airlines Company (1989–2025)
Cash flow quality index of Southwest Airlines Company from 1989 to 2025. Historical Cash Flow Quality Index for Southwest Airlines Company across 36 annual periods. Values consistently above 1.0x indicate high-quality earnings. See LUV net asset quality index to measure how much of total assets are equity-financed.
Southwest Airlines Company Cash Flow Quality Index by Year (1989–2025)
Southwest Airlines Company cash flow quality index by year from 1989 to 2025. Year-by-year earnings quality comparison for Southwest Airlines Company. For the full cash flow conversion analysis, see Southwest Airlines Company (LUV) cash conversion ratio.
| Year | Quality Index | Operating CF (USD) | Net Income | YoY Change |
|---|---|---|---|---|
| 2025 | 4.18x | $1.84 Billion | $441.00 Million | ▲ +320.4% |
| 2024 | 0.99x | $462.00 Million | $465.00 Million | ▼ -85.4% |
| 2023 | 6.80x | $3.16 Billion | $465.00 Million | ▼ -3.2% |
| 2022 | 7.03x | $3.79 Billion | $539.00 Million | ▲ +195.9% |
| 2021 | 2.38x | $2.32 Billion | $977.00 Million | ▲ +37.1% |
| 2019 | 1.73x | $3.99 Billion | $2.30 Billion | ▼ -12.7% |
| 2018 | 1.98x | $4.89 Billion | $2.46 Billion | ▲ +76.2% |
| 2017 | 1.13x | $3.93 Billion | $3.49 Billion | ▼ -41.1% |
| 2016 | 1.91x | $4.29 Billion | $2.24 Billion | ▲ +28.9% |
| 2015 | 1.48x | $3.24 Billion | $2.18 Billion | ▼ -41.9% |
| 2014 | 2.55x | $2.90 Billion | $1.14 Billion | ▼ -22.6% |
| 2013 | 3.30x | $2.49 Billion | $754.00 Million | ▼ -32.6% |
| 2012 | 4.90x | $2.06 Billion | $421.00 Million | ▼ -37.0% |
| 2011 | 7.78x | $1.39 Billion | $178.00 Million | ▲ +128.8% |
| 2010 | 3.40x | $1.56 Billion | $459.00 Million | ▼ -65.8% |
| 2009 | 9.95x | $985.00 Million | $99.00 Million | ▲ +216.4% |
| 2008 | -8.54x | $-1.52 Billion | $178.00 Million | ▼ -293.7% |
| 2007 | 4.41x | $2.85 Billion | $645.00 Million | ▲ +56.5% |
| 2006 | 2.82x | $1.41 Billion | $499.00 Million | ▼ -30.7% |
| 2005 | 4.07x | $2.23 Billion | $548.00 Million | ▲ +10.0% |
| 2004 | 3.70x | $1.16 Billion | $313.00 Million | ▲ +22.3% |
| 2003 | 3.02x | $1.34 Billion | $442.00 Million | ▲ +40.0% |
| 2002 | 2.16x | $520.21 Million | $240.97 Million | ▼ -25.7% |
| 2001 | 2.90x | $1.48 Billion | $511.15 Million | ▲ +34.9% |
| 2000 | 2.15x | $1.30 Billion | $603.09 Million | ▲ +1.9% |
| 1999 | 2.11x | $1.00 Billion | $474.38 Million | ▲ +3.3% |
| 1998 | 2.04x | $886.13 Million | $433.43 Million | ▲ +6.4% |
| 1997 | 1.92x | $610.59 Million | $317.77 Million | ▼ -35.2% |
| 1996 | 2.97x | $615.23 Million | $207.34 Million | ▲ +18.7% |
| 1995 | 2.50x | $456.44 Million | $182.63 Million | ▲ +8.6% |
| 1994 | 2.30x | $412.67 Million | $179.33 Million | ▼ -9.6% |
| 1993 | 2.55x | $392.70 Million | $154.30 Million | ▼ -12.4% |
| 1992 | 2.91x | $264.50 Million | $91.00 Million | ▼ -24.2% |
| 1991 | 3.84x | $103.20 Million | $26.90 Million | ▲ +61.5% |
| 1990 | 2.38x | $111.90 Million | $47.10 Million | ▲ +1.3% |
| 1989 | 2.35x | $168.00 Million | $71.60 Million | — |